This is what the Annual Report states
Change to number of shares on issue above as a result of a
share consolidation (0.8333:1) on 13 July 2020 ---- 125,000,000
Issue of shares upon IPO -------------------------------110,000,000
Issue of shares upon conversion of convertible notes 47,821,885
Balance at end of year ---------------------------------282,821,885
Note that the original 150,000,000 shares multiplied bu .8333 recurring, obtains 125,000,000.
It is not unusual for the likes of Westpac, NAB and Comsec get such information wrong. This evening Westpac has 182.8m shares, which is clearly a typo. Now if one multiplies 282,821,885 by 21.5 cents, one gets a market capitalisation of $60.8m.
Westpac records the market cap as $57m, and I imagine they multiplied 282,821,885 shares by 20c, and as a result of rounding, it ended up with a market capitalisation of $57m.
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